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Top Arkansas Business News

Fed cuts rates by a quarter point, indicates fewer reductions ahead
Federal Reserve · United States

Fed cuts rates by a quarter point, indicates fewer reductions ahead

40% Center coverage: 160 sources
The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years. See the Story
Retail sales rose at healthy pace last month in latest sign of US economy's health
Jerome Powell · United States

Retail sales rose at healthy pace last month in latest sign of US economy's health

37% Center coverage: 38 sources
Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season.Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October's 0.5% gain. Sales jumped 2.6% at auto dealers, driving most of the gain. Some of that demand likely reflected a need for new cars in parts of the southeast slammed by Hurricane Helene in October, as well as healthy incentives provided by car dealers. Big discounts at many retail chains also attracted some consumers. See the Story
US home sales hit fastest pace since March with more properties up for sale
US Economy · United States

US home sales hit fastest pace since March with more properties up for sale

58% Center coverage: 36 sources
Sales of previously occupied U.S. homes rose in November to their fastest pace since March with home shoppers encouraged by a wider selection of properties on the market, even as mortgage rates mostly ticked higher. See the Story

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